Scottish Widows Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Scottish Widows offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Scottish Widows and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am a media contractor looking to buy a home in London. My next step is to secure a mortgage preferably from Scottish Widows. Should I contact Scottish Widows directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and Scottish Widows.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All paperwork completed and sent. Received a call from the lender to say they can't move forward with process unless my current manager writes me a letter saying my contract will definitely get extended and when new end date will be. Any thoughts?
I am well aware that the days of self-certification contractor mortgages are a thing of the past. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with Scottish Widows
Even though I am a contractor (HR consultant) is it necessary for me to produce at least six months of both business and personal bank statements as part of the due diligence process for Scottish Widows.I am not convinced that my broker is correct.
Is it true that as contractor I would require a significant deposit up to as much as 50 per cent to qualify for a mortgage with Scottish Widows.
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Scottish Widows